Had an on campus interview with them today for 2020 full time real estate analyst position. Was wondering if anyone knew anything about them. Seems like they've done some interesting deals recently.
What's the word on the street?
| +34 | Where are free agents signing? | 14 | 3h |
| +31 | Uncertain of what To Do Next | 5 | 4d |
| +29 | Capital Restricted Developer | 4 | 7h |
| +28 | Laughable Job Posting | 7 | 10h |
| +23 | Warning: J. Shaw Recruiters | 5 | 5d |
| +8 | Development Budget: use RENTABLE or GROSS BUILDABLE sf? | 3 | 1d |
| +6 | First-year REPE analyst comp check (London) | 1 | 6d |
| +4 | Vandy MSF or NYU MSRE | 4 | 4d |
| +4 | Shops with largest intern classes | 5 | 4d |
| +4 | In RE, what is the ONE software tool you couldn’t survive without? | 3 | 12h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
reperella, shame nobody has responded. Maybe one of these topics will help:
You're welcome.
Very good company. Closed a loan with them about 6 months back.
What are the type of loans they do?
Senior/Perm/Construction/Mezz/Pref/JV et.al.
I believe they are lending USAA money.
USAA has a minority stake in SM, and typically have large commitments in their funds, but not solely USAA's cash. Basically USAA's vehicle to enter non-core investing without branding themselves as such.
.
They absolutely crush. Would be a great place to start a career.
They've got a good reputation and work on big, interesting deals.
I know a guy there. One of the best repe shops/debt funds around by far. They have a wide range of really interesting strategies. Would frankly be surprised if they hired anyone straight out of undergrad, but who knows. Good luck!
Thanks! Do you happen to know why they aren't included in the PERE rankings?
Maybe not big enough yet, maybe doesn't qualify under some technicality? Not sure.
I interviewed there and left wanting the gig...didn't get it
Curious, how'd you get the interview? Never seen them post any openings on the typical job boards.
I've seen them post in the past, maybe not recently. Haven't had much turnover. They always looked at my most complex deals when I was a D/E broker, so they work on almost everything. Strong team.
They posted the job on LinkedIn and I had a networking referral to an MD there (though not in the group that was hiring).
Everyone here seems to be speaking to their credit team, but obviously OP is interviewing for their ownership group. Having said that, all the kind words people are saying about the firm still hold true imo.
I actually had a small typo in the original post - the position is just "real estate analyst." Analysts are assigned to either debt or equity
I know SMC very well and several people that work there. Because of that, I will not go into too much detail (message me for more info) but here is the overview: - Backed by USAA - Primarily involved in debt (construction/bridge/mezz), however, have an active equity side. Debt analystys will not work on equity. - Great work culture - small and family feel - Hours are incredibly long - you will work most weekends and late till night (do not take this bullet point lightly) - Involved in large, complicated deals nationwide - Yes, they do hire out of college and you will be drinking water from a fire hose
Bump
I haven’t worked closely with them, but we did send them one deal that they looked at for a bit. I thought it was unusual that they requested data room access for around 5-6 people (all on the investment team, at least 3 were junior guys). Granted it was a larger / complex deal, but it still makes me worry that their deal teams are not that lean or that analysts take a back seat on new deals.
It sounds like other people on this forum have worked more closely with them and know better. I just wanted to play devils advocate or hear from someone who has closed a deal with them - are their deal teams actually 5 deep?
Ipsum dolorem alias ut saepe molestias. Sunt amet corporis soluta est perferendis. Quia quis et in corrupti provident accusamus temporibus. Est illum libero expedita officia. Ut earum qui aliquam aut veritatis tenetur laboriosam.
Aliquid et commodi facere et illum. Corrupti aspernatur aut nihil et non ea.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Atque rerum et hic eligendi incidunt non ipsam. Quidem perspiciatis quo minus sed perspiciatis qui. Ipsa iusto nemo qui neque. Natus ratione aut voluptate a velit quia. Voluptatibus ut eum soluta optio aut tempore nesciunt.